The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-01-19
Business at the New York Exchange Irregular
and Feverish,
Richmond and West Point and East Tennessee
Being the Special Features.
Railroad Bonds Moderately Active and Firm
Government Bonds Dali.
Money on Call Easy-Sterling Exchange Act
i've and Firm-Daily Movement of
Wheat, Corn, Rye and Oats.

SEW YORK. Jan. 1.-Money on CAL easy at
sac per cent closing at per cent
Prime Mercantile Paper-Scsrce and wanted at
6G7 per cent.
Sterling Exchange-Active and firm at 1879 for
sixty-day bills and 1861 for demand.
The total sales of stocks to-day were S5S, 500
shares, including the following: Delaware. Lacka-
wanna and Western, $500; Erie, 6,340; Lake Shore
1925; Louisville and Nashville, 6,7lO Northwest
err, $780, New Jersey Central, Il. Sos; New York
Central, 2s5; Pacific Mail, 6,25O Reading ~ 21O;
st. Paul, $780, st. Paul and Omaha, $50; Texas
and Pacific, 6,725; Union Pacific, II us; Western
Union, 1850; Richmond and West Point, $3.50;
Hooking Valley, 9,46S; New England, $780,
Government Bonds-Dull and steady.
Railroad Bonds-Moderately active and heavy.
The stock market, while only moderately active
except for two stocks, showed unusual irregular
ity and feverishness. The msrket showed firm
ness early in the day. due to purchases for foreign
account and the strength Of the London market.
The room traders freely covered their shorts, but
liquidation of several long accounts prevented
any material advance. The Richmond and West
Point stocks and the East Tennessee were the spe-
cial features of the day, and were weak when the
remainder OF the list were firm. There were many
rumoIs sfloat which were used to depress prices,
all OF which lacked confirmation. The most i'm
tween the Richmond and West Point and East
Tennessee had been stopped by an injunction
There was somewhat better feeling late in the aft
ernoon, but the rally was Tor fractions only. Read
ing and Jersey Central were both active and firm
in the face OF generally weak market upon good
buying from inside sources. The market opened
firm TO strong, advanced over Saturdays closing
figures, ranging up to s. per cent. The early trad
ing was done at declining figures, but the weak
ness disappeared after the first half hour. There
was another short period OF frmness in
the afternoon, when the declinewas renewed and
the lowest prices of the day touched, generally
about p. m. There was some improvement in
the last hour.'snd the market, with the exception
of Richmond and West Point, closed about steady
There are a few advances this evening, but none
for more than fractions, while West Point
is down So, the preferred SIS. East Tennessee
seconds preferred g. the firsts preferred 2 Nickel
Plate q Western Union per cent. There was
fair trading in railroad bonds. Sales s., e5s,0o0
Prices we're generally steady and closing figures
show irregular changes, generally for small frac-
tons. The active issues were Denver and Rio
GTande fours, in which the sales were S234, co.,
Hiekel-Plate receipts SIS, 900, and Texas Pacific
income receipts s147OOO. Ontario and western
frsts rose 212 to no. Nickel-Plste seconds 50 to
90, st. Paul consolidated sevens declined 10 12s